The Fed Makes its Decision on Interest Rates

Updated Aug. 6, 2006 12:01 a.m. ET

THIS WEEK

Fed Up? Federal Reserve policy makers meet Tuesday to decide whether to raise their short-term target interest rate for the 18th time since June 2004. Friday brought news of a fourth straight month of tepid payroll gains, fueling talk that the Fed may pause in its tightening, and sending the 10-year Treasury note yield down to 4.9%.

Pill Talk: The Food and Drug Administration and Barr Pharmaceuticals are expected to meet...